Which of the following statements are true about Evidence Based Management (EBM)? (Choose all that apply)

Which of the following statements are true about Evidence Based Management (EBM)? (Choose all that apply)
A . EBM guarantees improved outcomes and increase of return on investments.
B. Evidence-Based Management is a framework which helps organizations measure, manage, and increase the value they derive from their product delivery.
C. Evidence-Based Management (EBM) provides a framework for organizations to improve their ability to deliver value, seeking a path toward strategic goals.
D. Evidence-Based Management (EBM) is an empirical approach that helps organizations to continuously improve customer outcomes, organizational capabilities, and business results.

View Answer

Answer: B,C,D

Explanation:

Evidence-Based Management (EBM) is an empirical approach that helps organizations to continuously improve customer outcomes, organizational capabilities, and business results under conditions of uncertainty.

Evidence-Based Management (EBM) provides a framework for organizations to improve their ability to deliver value in an uncertain world, seeking a path toward strategic goals.

Evidence-Based Management is a framework which helps organizations measure, manage, and increase the value they derive from their product delivery.

Remember EBM focuses on improving outcomes, reducing risks, and optimizing investments. However it does not guarantee improved outcomes and increase of return on investments.